Flipster Earn Campaign - 240403
Q: When is the promotion period?
A: Promotion period for the “Flipster Earn Pool Campaign - 240201” begins on 3 April 2024 at 00:00 UTC until Fully Subscribed.
Q: What is the task, and how can I be eligible to participate in the program?
A: Participants are automatically enrolled upon identity verification process completion.
The “Flipster Earn Campaign - 240403” Daily program reward will be distributed based on the daily average USDT wallet balance of participants.
- The daily average will be calculated by averaging 24 random snapshot timestamps of the USDT wallet balance from 00:00 UTC to 23:59 UTC daily.
- USDT campaign rewards are rounded down to 3 decimal places.
- Unrealized Profit and Loss will be factored into the calculation of the daily average wallet balance.
Q: What are the other important points that I need to take note of?
A: Please refer to the following:
- The earn percentage will vary daily, based on the best market yield and best estimated offers within the competitive set.
- Daily earn can be checked on the Earn tab within the Flipster mobile application
- Any average USDT wallet balance not exceeding your Max Cap will earn the Trading Boost APR of up to an additional 10%.
- Any average USDT wallet balance exceeding your Max Cap will earn the Baseline APR of 3%.
- Any average USDT wallet balance exceeding 1,000,000 USDT will not be considered towards the campaign reward calculations.
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Please note that the Baseline APR and Trading Boost APR now have different maximum caps on average USDT wallet balance.
- Baseline APR average USDT wallet balance, Max Cap: up to 1,000,000 USDT.
- Trading Boost APR average USDT wallet balance Max Cap: up to 200,000 USDT.
- Unrealized Profit and Loss will be factored into the calculation of the daily average wallet balance.
- Any abnormal deposit and withdrawal patterns detected on your Flipster trading account may result in restrictions being placed on “Flipster Earn Campaign - 240403” rewards.
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Abnormal deposit and withdrawal patterns include but are not limited to:
- Abnormally high fund turnover rate not supported by account trading activity
- Abnormally high transaction frequency not supported by account trading activity
- Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of the system snapshot that is taken daily from 00:00 UTC.
- Reward distribution will begin from 3 April 2024 by 23:59 UTC
Q: What is the breakdown for the Trading Boost APR% Max Cap of the wallet balance?
A:
| 30-Day Trading Volume (USDT) | Max Cap (USDT) | Trade Boosted APR (%) |
| ≥ 250,000 | 5,000 | 3 |
| ≥ 500,000 | 10,000 | 3 |
| ≥ 1,000,000 | 20,000 | 3 |
| ≥ 1,800,000 | 30,000 | 6 |
| ≥ 2,400,000 | 40,000 | 6 |
| ≥ 4,000,000 | 50,000 | 6 |
| ≥ 8,000,000 | 100,000 | 10 |
| ≥ 20,000,000 | 200,000 | 10 |
- Flipster Earn Campaign updates regarding APR will also be announced and updated monthly.
- The last 30 days' total trade volume is calculated hourly
- Trade Volume for both Spot and Perpetual Swap will be considered in the 30-day trading volume calculation
- Only the portion of trading fees paid with a user’s own capital will be counted toward the VIP tier trade volume calculations.
Q: How is the daily average USDT wallet balance calculated?
A: Calculation of the daily average USDT wallet balance is based on the random hourly snapshot, from 00:00 to 23:59 UTC daily.
This means that the wallet balance will have 24 snapshots taken daily, and the daily average USDT wallet balance is defined as the following:
(Sum of 24 wallet balance amounts) / 24
Q: How do I know the amount I will receive from the campaign reward pool?
A: The rewards are based on your daily average USDT wallet balance and your 30-day trading volume. The APR percentage varies daily and is determined by the best market yield and best estimated offers within the competitive set.
You can check your Daily Earn rate on the Earn tab within the Flipster mobile application.
The campaign APR is broken down into two tiers:
- Trading Boost APR: Applied to wallet balances within your eligible cap, based on your 30-day trading volume.
- Baseline APR: Applied to any wallet balance exceeding your Trading Boost cap, up to 1,000,000 USDT.
Wallet balances exceeding 1,000,000 USDT are not eligible for campaign rewards.
Below are some examples:
Example 1:
- Wallet Balance: 200,000 USDT
- 30-Day Trading Volume: 1,000,000 USDT
- Eligible Trading Boost Cap: 20,000 USDT (based on the table)
APR Breakdown:
- 20,000 USDT @ 6% APR (3% Baseline + 3% Trading Boost)
- 180,000 USDT @ 3% APR (Baseline only)
Calculation:
- (6% ÷ 365 × 20,000) + (3% ÷ 365 × 180,000) = 18.08 USDT
- Amount the user will receive = 18.08 USDT
Example 2:
- Wallet Balance: 500,000 USDT
- 15-Day Trading Volume: 800,000 USDT
- Eligible Trading Boost Cap: 10,000 USDT (based on the table)
APR Breakdown:
- 10,000 USDT @ 6% APR (3% Baseline + 3% Trading Boost)
- 490,000 USDT @ 3% APR (Baseline only)
Calculation:
- (6% ÷ 365 × 10,000) + (3% ÷ 365 × 490,000) = 41.92 USDT
- Amount the user will receive = 41.92 USDT
NOTE:
- The earn percentage will vary daily, based on the best market yield and best estimated offers within the competitive set.
- Daily earn can be checked on the Earn tab within the Flipster mobile application.
- The last 30 days' total trade volume is calculated hourly.
- Any average USDT wallet balance exceeding 1,000,000 USDT will not be considered towards the campaign reward calculations.
Q: Why am I receiving a different USDT amount on the next day and not the amount stated in Estimated earnings?
A: Please note that the amount stated in Estimated earnings on the Earn tab is an estimation based on the USDT balance that the user has at the time the page is viewed.
The actual earnings that will be credited on the next day are based on a 24-hour snapshot of the daily wallet balance. This can be affected by the following:
1. Deposits
2. Withdrawals
3. Realizing Profit and Loss
4. Unrealized Profit and Loss
Q: How do I calculate my Annual Percentage Yield (APY%)?
A: APY% is calculated based on the following formula:
Daily reward received/wallet balance * 365 days
Taking the above calculation as an example:
- Daily reward received is at 115.07 USDT
- USDT wallet balance is at 200,000 USDT
- APY% = 115.07 / 200,000 * 365 days = 21%
Please note that APY% can vary as the reward received and the USDT wallet balance on the account can be different each day.
Q: Will the Unrealized P&L and Realized P&L affect the calculation of the daily average USDT wallet balance?
A: Yes, both Unrealized P&L and Realized P&L will be factored into the calculation of the daily average USDT wallet balance.
Unrealized P&L Example:
- Wallet balance: 100 USDT
- Unrealized P&L: -10 USDT
- Effective wallet balance considered for campaign calculation: 90 USDT
Realized P&L Example:
- Wallet balance: 100 USDT
- Realized P&L from a closed position: -20 USDT
- Effective wallet balance considered for campaign calculation: 80 USDT
Q: When will I receive my rewards?
A: Participants eligible for the campaign rewards will receive campaign rewards directly into their Flipster accounts within 1 business day of the system snapshot that is taken daily from 00:00 UTC. Kindly note that reward distribution will begin from 3 April 2024 by 23:59 UTC.
Q: Who can I approach if the reward is not received after 1 business day of the system snapshot?
A: Kindly submit a service request form or reach out to us via Live Chat support for more information.
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